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#615250 - 09/19/06 06:44 PM Fair Lending Audit
Kristi Offline
Member
Kristi
Joined: Feb 2005
Posts: 94
I am looking for an audit program for fair lending. Anyone have any ideas on where to find one?

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Audit
#615251 - 09/19/06 08:19 PM Re: Fair Lending Audit
Reads Regs Offline
Diamond Poster
Joined: Nov 2004
Posts: 2,307
Take a look at the OCC Fair Lending Exam Procedures from April 2006. http://www.occ.treas.gov/handbook/fairlep.pdf
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Opinions expressed are my own and not necessarily those of my employer. They are not legal advice.

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#615252 - 09/20/06 12:26 AM Re: Fair Lending Audit
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,029
Galveston, TX
Prior to kicking this off, make sure that the scope, the techniques, and the remediation approach are all fully outlined and that your senior management, board of directors and legal counsel are fully on board. The problem with these types of audits is when you find something without an original plan and appropriate legal guidance.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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